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20130129
20130129
Search Results 0 to 16 of about 17 (some duplicates have been removed)
more than 90 billion euros back into greece, spain, and portugal in the final quarter of 2012. that is a jump of 9%. the european central bank president has vowed to save the euro at any price. it is thought to have boosted investor confidence. well, here in germany, consumers are becoming increasingly confident about the future, and as a result, they are spending more money. most importantly, they are spending on big-ticket items and long-term investments like real estate. the record rise in consumer sentiment came after three straight months of decline. >> the latest survey, expectations of higher incomes and declining worries. domestic consumption has been playing a central role. >> germany's traditional -- traditionally known as a nation of savers, but right now, people love to spend. the labor market is robust, financial markets stable, and many consumers feel it is the right time to make big purchases like a new home. that is according to the latest survey of consumer analyst, gfk. respondents have given the overall economic outlook a big thumbs up. >> expectations for t
. investigators are saying that the bank manipulated the euro bor. it influences interest rates from everything on home mortgages to car loans. deutsche bank is under investigation for manipulating the libor, the more widely used london interbank interest rate. the dax finished within striking distance of two-year highs. our correspondent sent us this summary of the first trading day of the week. it is yet another unfavorable --, it is yet another unfavorable -- >> it is yet another unfavorable report about an investigation into deutsche bank. penalties could be hefty. still, people are quite relaxed. deutsche bank going up for the day. the trading day was relatively quiet and relaxed, but the level remains high. that high level is part of the reason why boom this bank -- the bundesbank says that germans are richer than ever before. half of the wealth -- the growth in wealth was attributable to the enormous rise in share prices. >> the dax finished down by 1/3 of 1%. the euro stoxx 50 pretty much flat. the dow trading down just slightly. the euro trading at a value of 1.3452. well, who is going
for the river and an island for the city. >> 1 trillion euros -- that's roughly how much the eu countries lose every year to tax evasion. brussels is not amused, not least because the euro crisis is far from over. now europe is looking for ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better for them. that is putting pressure on ordinary italians, especially small and medium-size companies. >> it was a spectacular protest against italy's new tax laws. the owner of a small beach bar scaled the dome of st. peter's basilica in rome and stayed put for some 24 hours. when he climbed back down, he was greeted by a cheering crowd. [applause] >> i really hope this tax issue is resolved soon and our small businesses as well as the whole economy can pick up again, at least a little. >> the tax measures by italy's technocrat government under the prime minister are anothe
. >> japan is facing a $255 million euro loss for philips. >>> cutting a key interest rate by 25 basis point is the bank of india. >>> and the boj is keeping tune rate until there's a significant drop in unloimt. >>> and ahead of today's parliamentary hearing, italy's economic mip sister takes grilli takes center stage. >>> all right. reunited. back together. >> so nice. >> you know that song? >> i sang that to you the last time. we've had a couple of reunions and a series of time spent apart. >> how are things sthp. >> they are great here. how was davos? >> so far, gone, in the distant memory. don't worry about it for another year. plenty to worry about today, though. >> korea. >> on today's show, plenty of good stuff coming up. we're going to be in madrid as the prime minister is reportedly releasing a plan to relief some of the pain of austerity. >> then it's south korean steel giant posco reporting quarterly earnings today. we'll have the latest live from seoul at 10:15. and it's day one of the fomc meeting. economists are awaiting more clues from the stimulus program. we'll be live in n
at these levels. >> beeks? >> no! >> i tell you, one of the strongest currencies out there is the euro right now. i still like it. above 135, especially fxe, your etf. >> thank you so much for watching. see you tomorrow, 9:00 a.m. "squawk on the street." back here again at 5:00 for more "fast money." don't go anywhere. "mad money" with jim cramer starts right now. launch. ""mad money"" starts right now. >>> i'm jim cramer. welcome to my world. >> you need to get in the game. >> firms are going to go out of business, and he's nuts. they're nuts. they know nothing. >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to help you make a little money. my job isn't just to entertain but to teach you. call me at 1-800-743-cnbc. the dow jones average is just a stone's throw from 14,000. headed to its all time high that we reached five years ago. the index which rallied 72 po t points nasdaq 52.2% is in rare territory for certain. yet the
.47 to 50. the euro/yen is also lower. that pair at 121.71 to 74. many market players are on the sidelines waiting for the release of u.s. gdp and jobs data later in the week. the kospi trading higher by .4 of a%. 1,948 and in australia the benchmark index is trading higher 4,873 this tuesday morning. the u.s. agriculture chief has welcomed japan's easing of impact restrictions on its country's beef. it gives u.s. cow farmers a bigger steake in the market. they decided to allow imports of meat from american cattle aged 30 months or younger. the current limit is 20 months or younger and was set seven years ago to provent risks of bsc or mad cow disease. the u.s. will continue working on eliminating trade bar yours for high quality and safe u.s. food and agriculture products. the u.s. will keep trying to expend its exports. ron kirk called the decision a significant and historic step in expanding the american beef trade with japan and along with it exports and jobs. that's the latest in business for this hour. here is a check on markets. >>> thousands of refugees have been landing in recent
numbers and determine how the u.s. economy is doing. euro/yen 104.7 to 50. >>> japanese workers may have a few more yen in their pockets if union leaders get their way. labor and business leaders are discussing a proposed wage hike. >> translator: a wage increase is a way to ending deflation. it's time for businesses to invest in human resources and not cut corners with workers earnings. >> koga asked for an increase of wages much 1%. he said raises based on seniority should continue. the leader of the business federation opposed the union's demand. he said labor leaders are ignoring the reality of today's business climate. >> translator: this year workers and managers need to share a sense of crisis. we need to have constructive discussion. it's critical for us to do so, to ensure businesses survive and grow. people need stable employment. >> he said the current economic situation leaves no room for raising wages across the board. he said struggling firms may be forced to postpone or even cut regular raises. >>> manufacturers have long been seen as leaders of japanese industry, but a ne
the euro. this is a -- quite a currenty. >> you said moments ago marks go up and down. >> yes. >> dollar goes up and down and stocks go up and down. >> yes. >> and yet you say you will never stop buying gold. what's that strategy? doesn't gold up and down, too? >> i want to tell you something about gold, maria. because i'm fearful that we will have a systemic crisis and supports and so on so i'm gig gold because i feel fearful. you don't own any gold and you are in danger because you don't own any gold >> you don't know that i don't own any gold. >> guilty as charged, let me get your take. >> you don't look like the gold owner. >> yes, and you have a golden personality. >> i like that, marc. what about stocks here? where's the low-hanging fruit in terms of the stocks that will lead this decline? you don't like apple very much. where's the -- that leads the market lower. >> i think urkian stocks are very low. i think vietnam is inexpensive. i think chinese stocks are rell civil inexpensive. >> you think i should sell all my u.s. holdings and buy ukranian stocks? >> maybe? >> really. >> ye
of touching hot stove and retreating a little bit? >> i definitely do see that. we are seeing how the euro dollar today broke 135. there are a lot of people sitting on the sidelines, the volume levels and commodities are still not up to par. everybody is waiting for tomorrow's announcement from the fed and waiting for friday's unemployment numbers. i believe we will see the dollar probably gain a little bit more. the other currencies pulling back as well as the yen with a slow drawdown. we are seeing gold hovering in the $16.50 range. they jumping up over $9 right now, silver taking a long period i think we have touched the hot stove on some of those commodities, they will start to rise up soon. cheryl: even the guys are putting on their cheerleading skirts. you look at crude oil right now, 19 week highs. higher from here or lower from here? >> it has been trading higher for the last couple of days. it is up $1 today, i think the rally, the standing ground is the best really comes in when the day starts off with a bit of a selloff in the market turns around and goes back up. do i know what
see the euro is trading at 1.343. dollar is down against the yen and the pound. and gold prices this morning are indicated up by about $6.50. 1,659.50 an ounce. >> it's now time for the global markets report. let's fly over to see kelly evans in the land of the caviar communist. kelly evans is in london this morning. good morning. >> andrew, good morning. as the deals go, you're going to love this one. a high profile board room battle is heating up this side of the pond. the rothschild banking dynasty is banked against one of the most powerful families in indonesia for shares of bumi. shares are up about 20% from a year ago. but these since the ipo has fallen sharply. the indonesian focused miner has called an extraordinary general meeting next month to let investors decide whether to take nat rothschild planned board shake up. this goes back to 2010. executives have advised shareholders to vote against all the charges. today, we saw this play out in realtime. nat rothschild said shareholders in this case have little choice but to push for reform. >> nick von schernding is a goo
their currency. look at this chart, they seem to have been somewhat successful. this is the euro versus the swiss. there's been a major appreciation of the euro. it's basically at 20-month highs. what's fascinateding is, now look at the next chart. we don't have negative yields in a swiss two-year anymore. see how the charts correlate? basically that's a barometer. funding issues have receded, swiss are getting back to normalcy. now it's all about growth and employment. and all of that information comes out at the end of the week. david faber, back to you. >> all right. thank you very much, mr. santelli. well, yesterday's shares of hess up rather sharply in part because of the company's announcement of a number of different things it's doing refining its assets. interestingly it didn't react as much as one might have anticipated given today's move from what we learned is likely to be a move by elliott associates on the company from an activist perspective. this morning we got that move. and boy, did we ever get it. the stock itself moving up sharply. let me quickly give you some of the particular
in europe in recession, germany may be headed for one as well especially if the euro keeps strengthening. tyler, back to you. >> michelle, thanks. lamborghini unveils a new roadster. it goes so fast you'll miss it if you flip the channel. you wouldn't think about doing it. we'll tell you about the cost. ceo of harley davidson is going to be in the room and tell us why his stock is climbing even though quarterly numbers missed forecast. keith wandell with us today. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ dog barks ] ♪ ♪ [ male announcer ] something powerful is coming. ♪ see it on february 3rd. ♪ [ coughs ] [ angry gibberish ] [ justin ] mulligan sir. mulligan. take a mulligan. i took something for my sinuses, but i still have this cough. [ male announcer ] truth is, a lot of sinus products don't treat cough. they don't? [ male announcer ] nope, but alka seltzer plus severe sinus does it treats your worst sinus symptoms, plus that annoying cough. [ angry gibberish ] [ fake coughs ] sorry that was
. these currencies enjoying an uptick including the euro back to almost 1.35. we'll be right back. >> it is 20 one minutes past the hour. i'm heather nauert with your fox news minute. a federal judge approved bp's guilty plea deal reached with the justice department following the 2010 oil spill in the gulf of mexico. bp pleaded guilty in november to manslaughter charges and other charges and will pay a record $4 billion in criminal penalties for the company's role in that spill. 11 workers died when the macondo well blew out, causing the worst offshore spill in u.s. history. >>> transportation secretary ray lahood is announcing he will leave the obama administration. lahood who spent the past four years pushing for greater safety on the highways and in the air, will stay on until his replacement is chosen and confirmed. >>> high pollution levels and thick smog is surrounding beijing today. authorities are warning children and older adults to stay indoors. the toxic air contains particles thick enough to penetrate lungs. it is forcing flight cancellations. relieve could come tomorrow, snow and rain
in europe. in europe, unemployment is still rising, approaching 12% in the euro area. steadily hovered around 8%. no relief from that and no reasonable source of relief. we double or triple those numbers and again, nothing to write home about, long-term unemployment, people disconnecting from the labor market and problems with migration issues and problems with the delivery of public services precisely because of that. we are saying go green because we are on a collision course with nature. because at the rate where we are going, we are going to have a poor degree of success by the end of the century. we are talking about improbable scenarios, but we are on a course and have not done very much about it. the biodiversity, the air, the waste, these things continue to be challenges. because of the crisis, we have been distracted and there are some institutional issues take away a little bit of obsolete. democracy and governance issues, the g8 and g20 have not been mentioned here. we have to improve international cooperation to get home. yesterday we wrote a panel about what to do in 2013.
, are truly concerned that the department of defense is having way too much sway tensions of euros for foreign policy, not only in africa but especially in africa. the africa union met this week. top on the agenda is jobs. it's an economic livelihood for primarily young people who are like a wonderful students at howard, graduating and tells the prospects for jobs. and i think there's a concern that the u.s. in its foreign policy as was many other countries, france and others, are really shifting to emphasize more militaries and military as a means to security. when many see jobs and stable economies as a means to security and stability. so i think that the concerns are many. the concerns around africom standing up in 2008 at a time when africa actually surpassed the middle east of the supply oil to the united states come at a concern that u.s. interest in africa's oil and other vital resources is the true rationale for africom, as was countering china in the african theater. where china is increasing its influence. so i think the concerns were heightened before africom established, but concer
to advocate for ending euro dependency across the continent? some states are doing well, like germany, but many others have been forced to cut social programs. what is your response? [laughter] >> what we need to do is -- you need to addressed the nation tonight. we need to send a clear message that we will get our fiscal house in order. that we are going to find ways to balance the budget, that we will be inclusive and find ways also to recognize that economic issues are not to be dealt with alone. any comprehensive energy policy, immigration reform. you have one year where we will have enormous momentum to get things done. >> you're listening to him. that is a mouthful. is that what i should say? >> the thing i would agree with -- what is important for us to argue is first stability. it is important for europe to be stable. global growth is a critical element u.s. growth going forward. we have to show strength and make a case for european stability. we have to make people in the united states realize these things are united -- are related. we need the responsible long- term deficit-
Search Results 0 to 16 of about 17 (some duplicates have been removed)